Via Metal Miner Swiss Steel Group recently announced plans to voluntarily delist from the local stock exchange. The sustainable steel industry leader partly cited restructuring and reorganization changes as reasons for the move, stating that both had resulted in large and long-term investors becoming its principal shareholders. According to January 24 statement, the resulting low float of its shares, combined with the low share price, prompted the Lucerne-headquartered company to seek removal from the SIX Swiss Exchange. “The board of directors…

The United States has imposed sanctions on more than 30 people and vessels for selling and transporting Iranian petroleum-related products as part of the country’s"shadow fleet," the Treasury Department has announced. The latest sanctions target tanker operators and managers in India and China; oil brokers in the United Arab Emirates (UAE) and Hong Kong and the head of Iran's National Iranian Oil Company. Two weeks ago, President Donald Trump’s first sanctions against Iran targeted 3 vessels carrying Iranian crude to China. The sanctions…

The United States has imposed sanctions on more than 30 people and vessels for selling and transporting Iranian petroleum-related products as part of the country’s"shadow fleet," the Treasury Department has announced. The latest sanctions target tanker operators and managers in India and China; oil brokers in the United Arab Emirates (UAE) and Hong Kong and the head of Iran's National Iranian Oil Company. Two weeks ago, President Donald Trump’s first sanctions against Iran targeted 3 vessels carrying Iranian crude to China. The sanctions…

As Ukraine prepares to mark three years since Russia's full-scale invasion on February 24, leaders in Kyiv are weighing U.S. proposals for access to Ukrainian mineral resources. Speaking on February 23, Ukrainian President Volodymyr Zelenskyy said talks with the United States on the matter were "making progress." The same day, Trump aide Steve Witkoff told CNN that he expected the deal to be signed this week. But details still need to be ironed out. Zelenskyy mentioned a potential stumbling block, suggesting that clinching the deal would require…

Iraq remains fully committed to its pledges in the OPEC+ agreement as the restart of oil exports from the semi-autonomous Iraqi region of Kurdistan appears imminent. “The Iraqi oil ministry affirms its full commitment to the OPEC+ agreement,” the ministry said in a press release cited by news agency Rudaw. Iraq produced 3.9 million barrels per day (bpd) of crude oil in January, which reflects “Iraq's commitment to the agreed production levels,” according to the statement from the oil ministry. Iraq, OPEC’s second-largest…

First LNG cargo loading from the new gas project offshore Senegal and Mauritania in West Africa is expected within weeks, a junior partner of the project operator, supermajor BP, said on Monday. The BP-led Greater Tortue Ahmeyim (GTA) project achieved first LNG production earlier this year, its project partner Kosmos Energy said in its 2024 earnings release today. “The first LNG cargo is expected later this quarter, with an LNG tanker currently standing by the Hub Terminal ready for loading,” Kosmos Energy added. Loading the first cargo…

First LNG cargo loading from the new gas project offshore Senegal and Mauritania in West Africa is expected within weeks, a junior partner of the project operator, supermajor BP, said on Monday. The BP-led Greater Tortue Ahmeyim (GTA) project achieved first LNG production earlier this year, its project partner Kosmos Energy said in its 2024 earnings release today. “The first LNG cargo is expected later this quarter, with an LNG tanker currently standing by the Hub Terminal ready for loading,” Kosmos Energy added. Loading the first cargo…

First LNG cargo loading from the new gas project offshore Senegal and Mauritania in West Africa is expected within weeks, a junior partner of the project operator, supermajor BP, said on Monday. The BP-led Greater Tortue Ahmeyim (GTA) project achieved first LNG production earlier this year, its project partner Kosmos Energy said in its 2024 earnings release today. “The first LNG cargo is expected later this quarter, with an LNG tanker currently standing by the Hub Terminal ready for loading,” Kosmos Energy added. Loading the first cargo…

Iran isn’t the first nation that springs to mind when it comes to solar power. The Middle Eastern country is one of the richest in energy resources, holding the second-largest natural gas reserves behind Russia, at 17 percent, and 9.4 percent of global oil reserves. It is a founding member of OPEC and the Gas Exporting Countries Forum (GECF). But over the past few years, Iran has faced an energy imbalance in its gas and electricity sectors, necessitating gas imports from Turkmenistan and recently Russia, states Manara Magazine. This has led…

BP is expected to announce this week that it is shifting its focus back to oil and gas, ditching a target to boost renewable energy capacity generation 20-fold by 2030, sources familiar with the new strategy told Reuters on Monday. BP earlier this month pledged to fundamentally reset its strategy as it booked its lowest annual and quarterly profits in years and seeks to push up its stock performance and regain investor trust.   “Building on the actions taken in the past 12 months, we now plan to fundamentally reset our strategy…

BP is expected to announce this week that it is shifting its focus back to oil and gas, ditching a target to boost renewable energy capacity generation 20-fold by 2030, sources familiar with the new strategy told Reuters on Monday. BP earlier this month pledged to fundamentally reset its strategy as it booked its lowest annual and quarterly profits in years and seeks to push up its stock performance and regain investor trust.   “Building on the actions taken in the past 12 months, we now plan to fundamentally reset our strategy…

BP is expected to announce this week that it is shifting its focus back to oil and gas, ditching a target to boost renewable energy capacity generation 20-fold by 2030, sources familiar with the new strategy told Reuters on Monday. BP earlier this month pledged to fundamentally reset its strategy as it booked its lowest annual and quarterly profits in years and seeks to push up its stock performance and regain investor trust.   “Building on the actions taken in the past 12 months, we now plan to fundamentally reset our strategy…

By John Kemp, energy analyst and founder of JKempEnergy Spot market gas prices around the world have doubled over the last twelve months as reported inventories in all the major consuming regions have fallen to multi-year lows, signalling the refill season will be much tougher in 2025. Sharply higher prices will encourage electricity generators to switch to alternative fuels and force energy-intensive industries in Europe and price-sensitive utilities in South and Southeast Asia to cut use wherever possible. Combined inventories across the European…

Major LNG buyers in Asia are seeking lower prices for Qatar’s new long-term supply than the Gulf exporter is offering, complicating negotiations over offtake volumes from the massive Qatari expansion projects, sources familiar with the talks have told Bloomberg. Qatar has a huge expansion program underway to boost its export capacity by a whopping 85% from current levels by 2030. The state giant QatarEnergy is proceeding with the North Field West project, after drilling appraisal wells at the world’s largest natural gas field,…

Major LNG buyers in Asia are seeking lower prices for Qatar’s new long-term supply than the Gulf exporter is offering, complicating negotiations over offtake volumes from the massive Qatari expansion projects, sources familiar with the talks have told Bloomberg. Qatar has a huge expansion program underway to boost its export capacity by a whopping 85% from current levels by 2030. The state giant QatarEnergy is proceeding with the North Field West project, after drilling appraisal wells at the world’s largest natural gas field,…

Major LNG buyers in Asia are seeking lower prices for Qatar’s new long-term supply than the Gulf exporter is offering, complicating negotiations over offtake volumes from the massive Qatari expansion projects, sources familiar with the talks have told Bloomberg. Qatar has a huge expansion program underway to boost its export capacity by a whopping 85% from current levels by 2030. The state giant QatarEnergy is proceeding with the North Field West project, after drilling appraisal wells at the world’s largest natural gas field,…

Last year, China’s clean-energy technologies made up more than 10% of the country’s economy for the first time ever, with sales and investments hitting 13.6tn yuan ($1.9tn), exceeding the real estate sector. China’s renewable energy sales and investments dwarfed the global fossil fuel funding total of $1.12 trillion. China’s installed capacity for renewable energy, including wind and solar, reached 1,410 gigawatts last year, surpassing coal. China has become especially dominant in solar energy manufacturing, having invested…

The world’s biggest mining companies are grappling with heightened geopolitical, trade, and economic uncertainty while they continue to bet on the energy transition to grow their portfolios of key transition metals such as copper and lithium.   Both BHP and Rio Tinto said this week that the long-term demand case for transition metals remains strong. But they both flagged global growth concerns as a major unknown in commodity demand in the short to medium term.  The return of tariffs under U.S. President Donald Trump, including…

Russia may have unlocked the technology needed to make travel to Mars viable. The limitations of existing propulsion systems mean that astronauts must travel for up to a year to reach Mars. However, Russia’s state atomic energy corporation Rosatom has developed a plasma electric rocket engine that it believes could send spacecraft to Mars in just 30 to 60 days. Rosatom’s propulsion system uses a magnetic plasma accelerator, which it hopes will reduce space travel time. Mars is 140 million miles from Earth, meaning a 30-day journey would…

Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) experienced a significant rise month-over-month, shooting up 7.36%. The past month proved a whirlwind for the precious metal prices, with each metal reacting to shifting economic conditions and recent policy changes. Palladium: Market Uncertainty Takes Center Stage Palladium experienced a particularly volatile month. Prices initially climbed in January due to seasonal demand and a broad rally across the precious metals market. However, according to macrotrends.net, early February…